How to Play a Gamestop Breakout Rally

How to Play a Gamestop Breakout Rally

Shares of the video game and accessories retailer GameStop (GME) are forming a basing pattern just below their 200 day moving average. Bullish technical divergences suggest a breakout is imminent and the large outstanding short interest could spark a covering…

Tesla – A Bearish Price Pattern, a Cycle High Point, and a Goldman Downgrade

The substantial downgrade of Tesla (TSLA) by Goldman Sachs (GS) this morning is in alignment with our technical take on the stock chart. Here is the most recent review of that analysis published on TheStreet.com.

Dunkin Brands and Starbucks: The Comparison May Surprise You

Dunkin Brands and Starbucks: The Comparison May Surprise You

Dunkin Brands (DNKN) has outperformed Starbucks (SBUX) by over 20% in the last 52 week period. That percent difference has moderated year-to-date but the more recent price action of the individual shares suggests that the divergence could return. The daily…

The Russell 2000 Needs to Hold This Support Level

The Russell 2000 Needs to Hold This Support Level

The hammer candle retest of the channel resistance-turned-support line on the Russell 2000 chart in Thursday’s session could be a key factor in determining the intermediate term direction of the small cap stocks, and potentially the broader market indices. The…

Which Way are Energy Prices Headed - What Charts to Watch

Which Way are Energy Prices Headed – What Charts to Watch

Check out the charts of Exxon Mobil (XOM), Van Eck Sectors Oil Services ETF (OIH), and the West Texas Intermediate Crude Continuous Contract (WTIC) for an overview of the broad energy sector, in my article on TheStreet.com this morning.

Biotech May Need to Regroup Before Heading Higher

Biotech May Need to Regroup Before Heading Higher

The SPDR S&P Biotech ETF (XBI) was trading in a four month symmetrical triangle before it broke out of pattern resistance this month. The fund rallied back up to its September high, but on Tuesday a bearish dark cloud cover…

Shares of Exxon Mobil at an Inflection Point

Shares of Exxon Mobil at an Inflection Point

Shares of Exxon Mobil (XOM) have been declining steadily this year, and moved back down to long term support in the $81.00 area. This zone was support in September and November last year, and, on both occasions after it was…

Nike is Ready to Rally – Buy the Breakout

Nike (NKE) shares have been making a series of lower highs and lower lows since the end of 2015, and the price action has formed a large declining channel. The stock price has recently penetrated the downtrend line of the…

Whole Foods Double Pattern Breakout

Whole Foods Double Pattern Breakout

The stock is breaking out of a channel within a channel, and each pattern projects a move higher. Here’s the story published this morning on TheStreet.com.

SPY Manipulation in the Final Two Hours of Trading?

SPY Manipulation in the Final Two Hours of Trading?

At 1:50 on Wednesday, the first of two high wick or long upper shadow candles formed on the ten minute SPDR S&P 500 (SPY) chart. It looked like a tradeable pullback was coming, similar to the one that followed the…